MidCap Financial Enters Material Agreement
Ticker: MFICL · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1278752
| Field | Detail |
|---|---|
| Company | Midcap Financial Investment Corp (MFICL) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1.705 billion, $1.815 billion, $1.660 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, material-agreement
TL;DR
MidCap Financial just signed a new debt deal, filing an 8-K.
AI Summary
MidCap Financial Investment Corp. entered into a material definitive agreement on October 17, 2024, related to the creation of a direct financial obligation. The filing also includes financial statements and exhibits. The company was formerly known as Apollo Investment Corp. and Apollo Capital Corp.
Why It Matters
This filing indicates a new financial obligation for MidCap Financial, which could impact its balance sheet and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, especially if the terms are unfavorable or impact the company's leverage.
Key Players & Entities
- MidCap Financial Investment Corp. (company) — Registrant
- Apollo Investment Corp. (company) — Former Company Name
- Apollo Capital Corp. (company) — Former Company Name
- October 17, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did MidCap Financial Investment Corp. enter into?
The filing indicates the entry into a material definitive agreement related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated October 17, 2024.
What were MidCap Financial Investment Corp.'s previous names?
MidCap Financial Investment Corp. was formerly known as Apollo Investment Corp. and Apollo Capital Corp.
What is the state of incorporation for MidCap Financial Investment Corp.?
MidCap Financial Investment Corp. is incorporated in Maryland.
What is the IRS Employer Identification Number for MidCap Financial Investment Corp.?
The IRS Employer Identification Number for MidCap Financial Investment Corp. is 52-2439556.
Filing Stats: 801 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-10-21 16:10:04
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value MFIC NASDAQ Global Select
- $1.705 billion — s under the Facility will increase from $1.705 billion to $1.815 billion until December 22, 20
- $1.815 billion — ty will increase from $1.705 billion to $1.815 billion until December 22, 2024 and will decrea
- $1.660 billion — December 22, 2024 and will decrease to $1.660 billion thereafter. The Facility includes an "a
Filing Documents
- d140532d8k.htm (8-K) — 30KB
- d140532dex101.htm (EX-10.1) — 945KB
- 0001193125-24-240409.txt ( ) — 1454KB
- mfic-20241017.xsd (EX-101.SCH) — 5KB
- mfic-20241017_cal.xml (EX-101.CAL) — 1KB
- mfic-20241017_def.xml (EX-101.DEF) — 12KB
- mfic-20241017_lab.xml (EX-101.LAB) — 4KB
- mfic-20241017_pre.xml (EX-101.PRE) — 13KB
- d140532d8k_htm.xml (XML) — 8KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Amended and Restated Senior Secured Revolving Credit Agreement, dated as of October 17, 2024, by and among MidCap Financial Investment Corporation, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. 104 Cover page interactive data file (formatted as Inline XBRL) * Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, MidCap Financial Investment Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MIDCAP FINANCIAL INVESTMENT CORPORATION By: /s/ Kristin Hester Name: Kristin Hester Title: Chief Legal Officer and Secretary Date: October 21, 2024